Robertson Stephens Wealth Management LLC Purchases 14,265 Shares of iShares Gold Trust (NYSEARCA:IAU)

Robertson Stephens Wealth Management LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 52.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,395 shares of the exchange traded fund’s stock after purchasing an additional 14,265 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Tucker Asset Management LLC increased its holdings in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 263 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new position in iShares Gold Trust during the fourth quarter worth $28,000. Wintrust Investments LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at $29,000. Wood Tarver Financial Group LLC acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at $31,000. Finally, Orion Capital Management LLC bought a new position in shares of iShares Gold Trust in the fourth quarter valued at about $33,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $63.82 on Wednesday. The firm has a market cap of $46.97 billion, a P/E ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $65.00. The firm’s 50-day simple moving average is $62.38 and its 200 day simple moving average is $56.43.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.